CFO Appointment, Board Plans, & Notice of Results

RNS Number : 3463U

Tirupati Graphite PLC

01 August 2022

 

01 August 2022

Tirupati Graphite plc

('Tirupati', 'TG' or the 'Company')

Chief Financial Officer Appointment, Planned Board Developments and Notice of Results

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX) is pleased to announce the promotion of Mr. Ameya Gogate to Chief Financial Officer. Mr. Gogate is a Chartered Accountant who has held the position of Financial Controller with Tirupati since April 2019 and knows the business well. He replaces Mr. Kien Huynh, Chief Financial Officer since March 2019, who has now resigned in order to pursue other opportunities.

Mr. Gogate holds a Bachelor's degree in Commerce from University of Pune, India and a Global MBA (Finance) degree from S. P. Jain School of Global Management in Sydney, Australia. Most recently, Mr. Gogate has earned a Certificate of CFO Program from the Indian Institute of Management Calcutta. He was awarded a Chartered Accountant certification from The Institute of Chartered Accountants of India in 2014 and was awarded a Diploma in International Financial Reporting Standards in 2015 from the ACCA in London.

Tirupati has initiated the process to identify an additional Non-executive Director candidate, as well as a London-based Executive Director specialising in Finance and Project Development to provide a Board-level Executive presence in London.

The Company also announces that audited results for the 12 months ended 31 March 2022 are expected to be published on or before Monday 12 September 2022. The Company's auditors have now been able to complete its visits to the operations in Madagascar following the easing of the Country's travel restrictions.

Shishir Poddar, Executive Chairman of Tirupati Graphite, said:

"We are pleased to have appointed Mr. Gogate to the position of Chief Financial Officer.  We thank Mr. Huynh for his valuable contribution and wish him all the very best in his future endeavours. Tirupati is working to strengthen our Board and leadership team further with a Board level executive presence in London. This will support our engagement with shareholders and also our plans to establish downstream and advanced materials facilities in the UK, particularly our discussions with the relevant policy makers and governmental authorities."

ENDS

For further information, please visit   https://www.tirupatigraphite.co.uk/   or contact:

Tirupati Graphite Plc Puruvi Poddar - Chief of Corporate & Business Development	[e-mail] [phone]
Optiva Securities Limited (Broker) Ben Maitland - Corporate Finance Robert Emmet - Corporate Broking	[phone] [phone]
FTI Consulting (Financial PR) Ben Brewerton / Nick Hennis / Kelly Smith	[phone] [e-mail]

About Tirupati Graphite

Tirupati Graphite Plc is a specialist graphite and graphene company.  The Company places a special emphasis on "green" applications, including renewable energy and energy efficiency, energy storage and thermal management and is committed to ensuring its operations are sustainable as well. 

The Company's operations include primary mining and processing in Madagascar, where the Company operates two key projects, Sahamamy and Vatomina; 12,000 tpa installed capacity of high-quality flake graphite concentrate with up to 96% purity is currently being produced and sold to customers globally, planned to increase to 84,000 tpa by end 2024 as per the Company's modular medium-term development plan. 

Through Tirupati Speciality Graphite Private Limited ('TSG'), with whom the Company has a binding acquisition agreement subject to regulatory approvals, Tirupati is developing a suite of speciality graphite for use in hi-tech applications like lithium-ion batteries, fire retardants, thermal management, and composites.

 

END

 

 

MSCBGGDRDBXDGDB